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1 month ago

Describe the challenges and opportunities of globalization in a ""flattened"" world.

Business

2 answers:

Nady [2.9K]1 month ago

4 0

Answer:

The concept of a 'flattened' world refers to the impact of globalization, which involves innovations and advancements in technology that have led to a more equitable environment. In this context, smaller nations now find themselves in competition with powerful countries.

Explanation:

A significant challenge presented by this situation is the heightened competition among nations, significantly affecting business resource availability. Conversely, the opportunities arising from this dynamic include the generation of new job openings, particularly in information systems and service-oriented fields. Additionally, businesses are able to discover better suppliers at more competitive prices due to the increased global options.

stepan [3K]1 month ago

4 0

Answer and explanation:

In his book "The World Is Flat: A Brief History of the Twenty-First Century" (2005), American journalist and author Thomas Friedman (born in 1953) uses the term "flattening" to depict the process of dismantling barriers through the influence of computers and the internet, which has significant implications for the global economy.

A flattened world has led to extensive commercial expansion, enabling buyers and sellers from all corners of the globe to connect via online platforms. Additionally, there has been a notable rise in job prospects, especially in developing nations, as work shifts to areas with lower labor costs. However, while this situation benefits workers in those countries, it simultaneously poses a challenge to the domestic workforce in the companies where outsourcing occurs.

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Answer:

6.4 minutes

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Answer:

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Explanation:

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